EURJPY Potential for uptrend | 25th Nov for FX:EURJPY by FXCM

Signal ID: 78391
Time Issued: Thursday, 25 November 2021 03:11:15 GMT
Status: open
Entry: 129.224 – 129.526
Limit: 129.979
Stop Loss: 128.771

The Breakout Opportunities system has just bought EURJPY at 129.375. The system recommends entering this trade at any price between 129.224 and 129.526. The signal was issued because the EURJPY has broken its 24-hour high while our Speculative Sentiment Index was at -1.369, suggesting that the EURJPY may have further to rise. A stop loss has been set at the 24-hour low of 128.771 and a profit target has been set at the 1 Day ATR level at 129.979. The system will move the stop to the next 24-hour low every time that 24-hour low is higher than the previous 24-hour low. Breakout Opportunities is a breakout strategy that aims to catch the significant moves that typically happen when currencies break through technical support or resistance.

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